₦airaland Forum

Valueinvestor:
Dividends don't lie bro

The Oga must be in another realm while typing that.
Shows his level of understanding of some of these stocks.......

samguru:
UCAP don drop bomb ooo!
dividend of 70 kobo

E Ku UCAP Dividend ooo.
Chai!! Very impressive.
I've recently been mentioning this stock so much. Glad they didn't disappoint.

Oga @Chibuking81 can you still say it's over-priced at this stage and @CP?

NIGERIA EXIT RECESSION:

https://www.nairaland.com/6421968/nigeria-exits-recession-real-gdp#99192016

https://brandspurng.com/2021/02/18/nigeria-exits-recession-real-gdp-rose-by-0-11-in-q4-and-1-92-in-fy-2020/

emmanuelewumi:
About N220.00 per share

Sir, it's N213.50 or is it N213.70 self.

GUINNESS:
Back to @22.........Some moneybags are reasoning it's matter......

UCAP: Much resistance.........like Ucap, like Afriprud.......

lexy2lexy:
Seems SEC and NSE has approved exit price proposed by 11 PLC. Is there a way shareholders can seek redress?

I think it's thru AGM.
Direct the question to Pa Emma, he knows much about these things.

ZENITH: Trying to make U-turn @24..........
Will the dumper show face again?
We wait and see....

DANGSUGAR: Trying to make U-turn @18.50.....

** Caveat: Do not take as any form of advice**

E Ku Market o.

Seems FBNH result is around the corner.......the type of volumes @7.30 there......
That's how they'll be buying and selling upandan........to align with these moneybags requires a lot of patience......

FCMB: Sold down to @3.06........back to @3.20 again .....

MANSARD:. Planning to pay Dividend for FYE 2020.........planned reconstruction is still holding this stock down......
A good bargain should it get to 1.05 and below.......

FIDELITY: Getting a lot of attention and dumping......down to @2.30........Bargain hunters should keep eye on this space......it may be a strategy to crash the price so as to enter cheaper or lower.........lol..... DD applies, I may be wrong........

kalkah:
Kindly recommend other dividend paying stock that we can buy now?
Do you advise those that have vitafoam to exit and enter later when the price dip?
Thanks

Quite a lot of consistent dividend paying stocks on the exchange.
AFRIPRUD will soon release Q4 result, (usually b4 Feb ending)....... so also Ucap, some banking stocks and quite some in other sectors.
** Watch out for bargain entries**

For the 2nd part, NO!
Not advisable to exit and re-enter again.
Rather, buy more at lower price if you have steady flow of income and not in urgent need of the fund. Increase your stake instead.
VITAFOAM is a good stock and will be increasing steadily as time goes on.
Some people bought below N3, still keeping till date and increasing their holdings......the bigger the better.
** Remember this is subjected to other factors........if you picked much lower and you're sitting on profit after dividend markdown, you may sell to enter another dividend paying stock.......in short, it depends on your INVESTMENT OBJ and FUND AVAILABILITY.

Sharmeenator:
I don't see Vitafoam going more than N10 this year judging by it's past 10 years record. The current price is even too high. I will advise waiting for it to crash before buying.

Going by the books/financials, Vitafoam is not expensive BUT, going by its nature and behaviour on the floor, it's not a "loud" stock but a slow and steady one, which normally responds mostly to results/coming results or maybe bull season.
It's a stock mostly for dividend/long term investors.
Therefore, he could just keep eye on it if he has spare funds and be picking at dips, he can't go wrong with this eventually.
My opinion.

kintus:
Hello Friends,
Please, is the current price of Guinness and VITAFOAM @ N22 and N8.05 a good buy? Or do we expect it to dip further?

My opinion:
VITAFOAM:
** The price of Vitafoam @CP, N8 is okay BUT you can go for other dividend paying stocks FOR NOW.
Reason: Vitafoam recently declared and was marked down for dividend.
Those holding it may want to sell at any market price so as to key into other stocks we are awaiting dividends from..........this may in turn make them to crash the price small......
You can wait at the dip and use the opportunity to pick some units because they're still coming back for it later.

GUINNESS:
@samguru adviced that we should buy due to some privileged info yet to be made public and he gave likely events that may make the share price attractive in the short run. You can pick some units here or be picking in tranches, depending on how deep your pocket is........and then wait patiently.

ukay2:
You enter flights before take off nah

Lol.
I said don't go cos you may need to administer some doses to the Prince of Katanga to calm him down, make he no go suffocate for the N5 junction.....

ukay2:
If you know you know...positioned already for pleasant results

Better buy your seats oo

Let's me come and be going Ma.

Doc, where are you going?
You are needed more in the house oo.........

It's been getting attention since, we wait to see what's cooking there.....

E Ku Market oo.

What could be happening in Dangsugar?
Quite a lot of transactions @19........with bids far outweigh offers?

UACN:. Getting attention @8 again.......

Mfunkynation:
It was supposed to end on 12th February. What happened

It ended and trading resumed yesterday 15th.........BUT had to go back on suspension because the reconstruction couldn't be effected, possibly due to delay in SEC approval.

bigjay01:
What has changed in Lasaco?
How did Lasaco come back to the market after share reconstruction......

Lasaco is back to suspension......

dipoolowoo:
Fidelity Bank Controls 60% of BDCs’ N1.4trn Annual Transactions—ABCON
https://businesspost.ng/banking/fidelity-bank-controls-60-of-bdcs-n1-4trn-annual-transactions-abcon/

I think this should be good news for FIDELITY.....

UNIVERSAL INSURANCE (UNIVINS):
Impressive result in my layman's understanding.......
Hope they'll plan something for their faithful shareholders.......
http://www.nse.com.ng/Financial_NewsDocs/32411_UNIVERSAL_INSURANCE_PLC%20_QUARTER_4_FINANCIAL_STATEMENT.pdf

S.C.O.A NIG. PLC.
http://www.nse.com.ng/Financial_NewsDocs/32412_S_C_O_A__NIG_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_.pdf

WAPCO: Sighted back @26.........Up with N1.25.......
UBA, ACCESS, UCAP, SEPLAT......etc.........all moved up.
Who could have thought the recovery would be quick?
It's well.

PETERiCHY:
Missed indeed when some BARGAIN HUNTERS picked TRANSCORPSE at 90kobo.

Lol. That's how you'll still find your way into the second sh.it again.......Japaul.
I know your eyes on it......
Na inside Shi.t money dey and na inside Shi.t Peter dey find am.........

Anyway, UCAP is now @6.05........

bigjay01:
On 04/01/21, i bought some algo for $0.46, Algo traded at $1.8 on Saturday. Go figure
Of course one can loose it all. But for someone like me that have a very good capacity to hodl ... Moreover, i don't buy any shitcoin out there

Too much money.
Wehdon sir.

bigjay01:
see the cases of AIICO and NEM, bonus shares already listed but they wouldn't credit shareholders' accounts. Absolute BS.

I am already 1 leg in crypto the other leg in NSE

You can imagine where someone already planned for it and has a target date already, maybe some borrowed funds were involved.......
SEC is making things difficult actually.

As for the crypto, abeg tread sofry oo.
Oh sorry, I forgot you're FPI.

megawealth01:
I just dey look this market with suspense

Suspense cos of the type of stocks you bought.....
Nothing beats buying fundamentally sound stocks....

In other news, Whosoever picked UBA @7.70 last week should be sitting on nothing less than @50kobo by today.........it's now @8.50........

Same for UCAP: @5..........@5.80...........etc.

@Peterichy must have missed this....

bigjay01:
What has changed in Lasaco?
How did Lasaco come back to the market after share reconstruction at the same price as before the exercise? Should the price not be 0.42*4=(#1.68)? with share share outstanding 7,323,433,421/4 (=1830858355)?

I felt maybe there's delay somewhere, probably from SEC, no approval yet.......so they had to come back since 2wks already elapsed.......maybe they'll fix another date again.

See the case of Mansard too.......the reconstruction was supposed to take effect on 9th Feb, but it's still delaying till now.

E Ku Market o.
E Ku Quiet House.
At least no red on the floor nah.

Simlov:
happy Val to all the members of this group. thank you all for your love mostly to the us JJC. for those propose and those that opposed a particular suggestions is for our own good. it makes us think twice before buying or selling. you all mean well for us. some of us have been learning for some years now and are still learning. thanks mcy for the advice given to me some months back, I've been picking some recommended stocks, thanks megawealth, peterichy, Emma, etc. our good Lord will continue to bless you all. love you all

Amen!
Thanks. More blessings in Jesus name.

eziokwunwoko:
Today is my birthday.I am plus 1 year today.
Greetings to all members, special recognition to OGG, mcy, Pa Emmanuel , megawealth.

Happy birthday bro!
Many happy returns!
Long life, sound health and more prosperity.

sellydion:
If you remember Sir Wanajo comments, that day the NSE struck a major resistance.
I pray the market breakthrough .

Oga Wanaj0 is a sage/guru in this biz nah.
Much respect!
......I just think something came up that may have interest investors again, maybe the NTB rate wasn't enticing enough to some of them.
Whichever. Na Siddon look we dey for now.....

VITAFOAM:
Today 12th is last qualification date.......for dividend lovers to buy before COB.....

Should we now say those that ran from the market 2 days ago are rushing back again or what??
Wonders of NSE......

ZENITH: The game changer.......@25 now!
Sold and bought massively @24.55/24.60 before started moving up........too much resilience!
Peter would have been thinking it's coming to his junction.......

The type of huge funds these guys spend on daily basis though!!

GTB too.......too much pressure on this one....
UBA, Wapco, Ucap....

BUA REFINERY:
BUA Petroleum Refinery to be ready by 2024 - Rabiu.
Competition things.......

https://www.nairaland.com/6410330/abdul-samad-rabiu-bua-petroleum#98961049

drLammy:
Of course! They have a good platform
But, them just shutting off for a week now, even if they have communicated sef... It's not Nice at all

Probably they cud do worse later who knows

Yes, not nice.
Greenwich is big, guess they're paying less attention to Mytradebook these days.
Let's see if they'll apologize after all they've made clients to go thru.